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Carlyle Secured Lending Reports Strong 2024 Results

Carlyle Secured Lending Reports Strong 2024 Results

Tcg Bdc ( (CGBD) ) has released its Q4 earnings. Here is a breakdown of the information Tcg Bdc presented to its investors.

Carlyle Secured Lending, Inc. (CGBD) is a specialty finance company focused on lending to middle-market companies, managed by Carlyle Global Credit Investment Management L.L.C., a subsidiary of The Carlyle Group Inc. CGBD operates as a business development company under the Investment Company Act of 1940, aiming to generate income and capital appreciation through debt investments in U.S. middle market companies.

Carlyle Secured Lending, Inc. recently announced its financial results for the fourth quarter and full year ending December 31, 2024. The company reported strong portfolio growth and maintained net investment income above its base dividend, despite market challenges. CEO Justin Plouffe expressed satisfaction with the company’s performance and optimism for continued success in 2025.

Key financial highlights include a net investment income of $0.47 per common share for the fourth quarter and $2.00 per common share for the full year 2024. The net asset value per common share slightly decreased to $16.80. The total fair value of investments increased to $1.8 billion by year-end. Additionally, the Board of Directors declared a quarterly dividend of $0.40 per share, supplemented by an additional $0.05 per share.

The company also emphasized its use of non-GAAP financial measures to provide a clearer picture of ongoing performance, excluding one-time events. This approach helps investors evaluate the company’s economic earnings and trends without the impact of non-recurring events.

Looking ahead, Carlyle Secured Lending, Inc. remains focused on building upon its strong 2024 performance. The management is optimistic about maintaining growth and delivering value to shareholders in the coming year.

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